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Apartment prices up 10% in some districts

Residential

Photo by Alla Simacheva / Shutterstock.com

Since the introduction of the restrictive measures in March last year, apartment prices in some districts of Budapest have risen by as much as 10%, according to a summary by Otthon Centrum comparing last quarter's data with rents for the last four months, writes conservative business daily Világgazdaság.

In the center of Budapest, rents have increased by 10% since last spring, and an apartment can be rented for an average of HUF 158,000 in the city's central districts. In recent months, the average value of rents in the Buda districts has been around HUF 170,000, which is 7% higher than the downtown average.

The most expensive rents were found in District II, where an average monthly rent of HUF 195,000 was typical, while apartments in District I and III could be rented for HUF 155,000.

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